Bharti Airtel among Kunal Bothra’s 3 stock picks for next week

Independent market expert Kunal Bothra is bullish on Bharti Airtel, Care Ratings and Kotak Mahindra Bank shares for next week. Edited excerpts from an interview:

Looking at the charts, do you think Reliance Industries stock can be one of the main performers next week?
Absolutely. The stock has managed to surpass above Rs 2,350-2,370 levels after almost a year. RIL has managed to break above its resistances towards a new high. It is looking quite strong and formidable. Positive news flows can help boost its near-term trends but eventually once the trends pick up you will see more stability coming back. The stock has gone through periods of consolidation and shown signs of stability in that patchy phase as well. I think Rs 2,500 to Rs 2,550 should be a modest target for the stock over the next couple of weeks.